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Although Panama real estate prices have risen the last few years they still beat those for comparable real estate elsewhere. Which brings to mind the question? What are the bases for comparisons?

The United States is falling into a decade long recession while Panama's economy is booming with no end in sight. Panama property for sale is less expensive than comparable US property. Panama real estate is likely to appreciate in value with the growth of the Panamanian economy while US property values stagnate in a sea of mortgage foreclosures.

Weather Watch in Panama? Not!

Owners of Panama real estate do not need to board up and leave each hurricane season unlike the Caribbean islands and the Southern US coastal areas. There is no problem with being denied insurance or having the premiums go out of sight after the last natural disaster. And, unlike other parts of Central America, Panama has never had to rebuild after an earthquake. Panama property for sale will just appreciate every quiet, uneventful year in paradise. You can make your own excitement sailing in the Bocas del Toro Archipelago or hiking the mountains around Boquete.

Cost of Living in Paradise

While pensioners struggle to make ends meet in the USA retirees in Panama with a monthly check of $500 plus $100 per dependent qualify for residency. It costs less to live here so buy that Panama property for sale and don't forget to renew your residency every five years. "Jubilados," the Spanish word for retired persons, are eligible for discounts for virtually everything in Panama. Buy that Panama property for sale and get discounts on prescription medications, doctor visits, restaurant checks, grocery store items, as well as movies (Try seeing a first run US movie at matinee for $2 in the USA). And don't forget most things in Panama start by being less expensive than in the US and then you get the "jubilado" discount.

Values in Panama Property for Sale

Panama real estate in the highlands of Chiriqui starts at about $30,000 for a lot in David. Panama property for sale around Boquete can be purchased for as little as $150,000 for a two bedroom house. More luxurious homes in developments also are available for $250,000 and up.

There are beachfront island lots in Bocas del Toro for $40,000 and homes on choice beachfront Panama property for sale for $300,000 and up.

As the coast of Colon Province is developed there is Panama investment real estate going for as little as $5 a square meter for 37 acres. That works out to $2,000,000 for development Panama property for sale in an area ready to take off.

For those inclined towards a little luxury Panama property for sale in Panama City includes condos on the Pacific with lots of living space and every amenity for $300,000 to $1,000,000. There is also perfectly livable Panama real estate throughout the city for less. A new one bedroom apartment in the city on Via España, the five hundred year old Spanish road, sells for $60,000.

Think of the comparisons and think of purchasing Panama property for sale. Think of investing in real estate in Panama and living free of care in the tropics.